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Bank of Baroda (Kenya) Limited is regulated by the Central Bank of Kenya
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Baroda Biashara Loan

Product:

Hassle free loan/Overdraft for Traders, Business Units for development/Working capital requirement against Existing Security.

Eligibility:

Business / Trading units established for a minimum period of -2- years.

Loan Amount:

Minimum: Ksh 1.00 million
Maximum: Ksh 30.00 million

Security:

Immovable Property/FDR/Government Bonds

Rate Of Interest :

Competitive Rate of Interest Linked to CBR.

Period:

12 Months to 60 Months

Margin:

•    50% on market value as per recent valuation report of immovable property.
•    10% on Bank own FDRs
•    20% on Fixed Deposit with Bank of Baroda
•    10% on Government Bonds

Other Features:

•    Simplified Loan Processing
•    No processing, commitment, documentation charges
•    Borrowers are not required to submit financial statements, stock/book debt statements.